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South Africa’s First Development Bank: The Development of Southern Africa, 1984–89

In: Financial Enterprise in South Africa since 1950

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  • Stuart Jones

Abstract

Since southern Africa is a developing region it is logical that it should possess a development bank and that this development bank should be in South Africa. In retrospect, too, it seems strange that it took so long to establish such a bank, as the need for an institution of this nature is clearly visible. One suspects, though, that its founding by South Africa was a response to the establishment of the Southern African Coordinating Conference in 1979. At any rate the first moves to set up the bank occurred shortly afterwards. The negotiations took almost four years before the final agreement was signed on 30 June 1983 by the governments of South Africa, Transkei, Ciskei, Venda and Bophuthatswana.

Suggested Citation

  • Stuart Jones, 1992. "South Africa’s First Development Bank: The Development of Southern Africa, 1984–89," Palgrave Macmillan Books, in: Stuart Jones (ed.), Financial Enterprise in South Africa since 1950, chapter 11, pages 263-272, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-11536-5_11
    DOI: 10.1007/978-1-349-11536-5_11
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